2024 Standard Deduction Amount Irs. For taxable years beginning in 2024, the additional standard deduction amount under § 63(f) for the aged or the blind is $1,550. The irs has released its 2024 standard deduction amounts.

The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket for the income you earn in 2024. Standard deduction amounts (2024) kelly phillips erb also, for 2024, it’s predicted that the standard deduction for an individual who may be claimed as a.